Last Updated : 23-04-2014 18:23

 
 

Business

Why compromising is not good for your career

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We live in a world that is always making a deal – compromising one thing for the other. The world does...

Luxury vehicle tax asked to be paid directly to Motor Traffic Dept

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Owners of luxury, semi-luxury and semi-luxury dual purpose vehicles will now have to pay all taxes payable to the Department of Motor Traffic (DMT) before the expiry of 60 days from the anniversary date of the vehicle registration or end of the tax year or whichever comes first.

Stockbrokers launch code of ethics, website

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The Colombo Stockbrokers Association (CSBA) recently launched a code of ethics and website to promote best practices and standards among its membership.

Banks cut gold exposure on possible price crash

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A possible global gold price crash as predicted by certain analysts, either this year or next year, has prompted Sri Lankan banks to take a more cautious approach in carrying out pawning businesses.

Way forward for Mattala Rajapaksa International Airport

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The second international airport in Mattala is both a challenge as well as an opportunity to strengthen the commercial aviation skies of Sri Lanka. From the inception, to speed up the progress of Mattala, it is necessary to define the personality of this airport, which has certain uniqueness.

Export earnings continue to go downhill

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Depressed export earnings continued into year 2013 with January figures declining 18.2 percent Yearon-Year (YoY) to US $ 726.7 million, despite trade deficit narrowing 24 percent YoY to US $ 780.4 million, data released by the Central Bank showed.

Cost competitiveness key for tea industry survival: TPL Chief

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Tea sector stakeholders need to be mindful of their cost competitiveness in relation to global costs, especially due to the emergence of new producer countries with lower costs posing a threat to local teas, a leading plantation company official stated.

Market research firms seek budget relief

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The Market Research Society of Sri Lanka (MRSSL) is now seeking tax concessions for the profession through provisions in Budget 2013.

Market interest rates will decline this year

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Sri Lanka’s market interest rates will ease this year as the Central Bank maintains a loose monetary policy stance despite high lending rates and a recent spike in Treasury bill yields, the head of t he monetary authority said yesterday.

Balanced outlook for NR in 2013 and beyond

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The International Rubber Study Group (IRSG) has in its latest report analyzed the rubber industry outlook, and this appears to indicate a balanced outlook in terms of demand/ supply equation, during the forecast period.

Time to tackle manpower dearth in hospitality industry

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During the induction ceremony of the new Director General/CEO, Deputy Director General and the new Principal, held a few months ago, The Chairman of the Sri Lanka Institute of Tourism and Hotel Management (SLITHM) said:

SEC special approval to Royal Ceramic for early Asia Siyaka share sale

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Royal Ceramic PLC (RCL) last week completed the sale of the controlling stake of Asia Siyaka PLC to Lanka Commodity Brokers Ltd, using a special approval granted by the country’s market regulator.

BOC 2012 profits up despite 4Q dip

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State banking giant, Bank of Ceylon (BOC) with an asset base of over one trillion rupees saw its group net profits in December quarter declining 16 percent to Rs.3.5 billion from the corresponding quarter in 2011, according to the quarterly financial statements released recently.

India, a stumbling block for Lankan Fund Managers: Promoter

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One of the biggest obstacles of attracting foreign direct investments (FDIs), development finance and portfolio investment to Sri Lanka is her neighbour, India, a promoter of Colombobased private equity fund told Mirror Business in a brief interview.

Setting of stock prices and forces that move them

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When a company goes public through an initial public offering (IPO), an investment bank evaluates the company’s current and projected performance and health to determine the value of the IPO for the business.

From crisis to sustenance : Blue Ocean Strategy – In pursuit of differentiation

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Continuing with our Blue Ocean Strategy basics series, today we will highlight ‘Tipping Point Leadership’ and the ‘Four Organisational Hurdles’ to strategy execution.
A good Blue Ocean Strategy will have three defining characteristics:

Dialog secures Mobile 4G LTE Spectrum at TRCSL auction

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Dialog Axiata PLC announced yesterday that it had secured the 10 MHz tranche of Mobile 4G LTE Spectrum auctioned by the Telecommunications Regulatory Commission of Sri Lanka.

World Bank provides US $ 200 mn to improve health sector

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The World Bank has provided US $ 200 million to further enhance health sector services in Sri Lanka, a communiqué by the Colombo office of the global lender said.

CSE opens 6th branch office in Anuradhapura

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The Colombo Stock Exchange (CSE) opened its 6th branch office in Anuradhapura yesterday.

Feasibility of solar electricity in Sri Lanka

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An overview of the state of Solar PV installation in the Sri Lankan hotel industry was carried out recently...

Bourse at 1-week low on interest rate concerns

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Stocks ended tad weaker yesterday to hit a one-week low despite foreign inflows, as investors were worried over upward pressure on interest rates after yields in Treasury bills rose for a fourth straight week.

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Video: BBS at Rishad’s office
Video: Playing with paper rockets
Avurudu at Polhena Beach
Railways Trade Union fast against termination of employees